NYMNYM (NYM) Price

1. Project introduction

The Nym network ("Nym") is a decentralized and incentivized infrastructure to provision privacy to a broad range of message-based applications and services.

The core component of Nym is a mixnet that protects network traffic metadata for applications, providing communication privacy superior to both VPNs and Tor against global adversaries that can watch the entire internet. Nodes in the mixnet are rewarded via a novel proof of mixing scheme that proves that mix nodes are providing a high quality of service. Rewards given by NYM tokens allow anyone to join the Nym network and enable a sustainable economic model for privacy.

NYM tokens can be transformed into anonymous credentials that allow users to privately prove their "right to use" services in a decentralized and verifiable manner.

The Nym network can serve as the foundation for a vast range of privacy-enhanced applications that defend the fundamental freedoms of people across the globe against traffic analysis by powerful adversaries.

2. Team introduction

CEO: Harry Halpin

Linkedin: https://www.linkedin.cn/incareer/in/harryhalpin

CTO: Dave Hrycyszyn

Linkedin: https://www.linkedin.cn/incareer/in/davehrycyszyn

Chief Scientist: Claudia Diaz

Linkedin: https://www.linkedin.cn/incareer/in/claudia-diaz-1480b612

3. Investment institution

a16z, DCG, Tayssir Capital, Huobi Ventures, HashKey, Fenbushi Capital

4. Application and distribution

Total supply: 1 Billion

Token application:

NYM is the native token of the NYM mixnet, used to access the mixnet for privacy protections, and serving as “reputation”and rewards for the nodes that run the infrastructure.

(1) Privacy: Use NYM tokens to access the mixnet for privacy.

(2) Run a Nym node: Pledge NYM as an initial reputation score in order to run a mix node in the Nym mixnet and be rewarded.

(3) Delegated staking: Delegate NYM to mix nodes that provide good quality of service, and earn a share of the rewards.

(4) Fees: NYM tokens are used to pay for transaction fees on the blockchain to keep the network-wide map of mix nodes and their reputation in NYM up to date.

Token distribution:

Team: 20%

Backers: 36.5%

Mix-Mining: 25%

CoinList Sale: 7.5%

Reserve & Community: 11%